Accrual of Obligation

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Accrual of Obligation

The maturity of an obligation or a portion of an obligation, which occurs on the date a payment must be made or some act must be performed.
References in periodicals archive ?
in millions) Acquisitions: Proved properties $30 Unproved properties - other 224 Development (a) 2,488 Exploration (b) 500 Asset retirement obligation accrual 40 Total costs incurred $3,282 (a) Includes $42 million of capitalized interest.
in millions) Acquisitions: Proved properties $3,197 Unproved properties - acquisitions of proved properties(a) 260 Unproved properties - other 571 Development (b) 2,529 Exploration (c) 257 Asset retirement obligation accrual 126 Total costs incurred $6,940 (a) Represents a portion of the allocated purchase price of unproved properties acquired as part of the acquisition of proved properties.
Acquisition, Development and Exploration Costs Incurred During 2006 The following table summarizes costs incurred, whether such costs are capitalized or expensed for financial reporting purposes: (in millions) Acquisitions: Proved properties $561 Unproved properties - acquisition of corporation (a) 54 Unproved properties - other 171 Development (b) 2,022 Exploration (c) 123 Asset retirement obligation accrual 71 Total costs incurred $3,002 (a) Represents a portion of the allocated purchase price of Peak Energy Resources, Inc.